What Is A Golden Visa In Uae

A “golden visa” is a residence permit or residency permit that entitles the foreign investor to international legal benefits such as tax benefits, a marital visa, or even a work permit.

If we are talking about Golden Visa, the first thing that comes out in our mind is “how much money can I make through it?” The golden visa is a residence permit that enables the applicant to live and work in European countries such as France, Spain, Portugal and Italy.

What Is A Golden Visa In Uae

The Golden Visa is a visa that you can get if you buy property in the United Arab Emirates.

The way it works is that if you invest in the real estate market of the United Arab Emirates, and buy If you’re looking to move to Australia, you will likely want to find out about graduate visas. These are described as being for higher education graduates who want to pursue skilled employment in the Australian community.worth at least 2 million USD, then after 5 years, you are eligible for a residence visa. This means that you can come and go from the Uae without any restrictions, as long as you have your residence visa.

You can also buy property worth less than 2 million USD, but this will take longer to get your residence visa.

A golden visa is a visa that gives the holder the right to live in a country for a certain amount of time. The holder can then apply for permanent residency, which can be done after staying in the country for two years. The visa gives you many benefits, including tax breaks and access to healthcare. You also have the right to work in the country and invest in property there.

A golden visa is not the same as a residence permit or a work permit; these types of visas give you fewer benefits than a golden visa does. For example, if you have an employment or residence permit, but not a golden visa, then you will be taxed at a higher rate than someone who has both of those things plus their golden visa.

What is the UAE’s Golden visa?

The UAE’s ‘Golden visa’ is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits which include:

• an entry visa for six months with multiple entries to proceed with residence issuance
• a long-term, renewable residence visa valid for 5 or 10 years
• the privilege of not needing a sponsor
• the ability to stay outside the UAE for more than the usual period of six months in order to keep their residence visa valid
• the ability to sponsor their family members, including spouses and children regardless of their ages
• the ability to sponsor unlimited number of domestic helpers
• the permit for family members to stay in the UAE until the end of their permit duration, if the primary holder of the Golden visa passes away.

Golden Visa UAE latest news and rules 

Another expansion to the Golden Visa’s eligible categories has recently been announced by the UAE authorities. In addition to the general skilled professionals’ category, the government of Abu Dhabi will allow the following types of specialists to be eligible for the Golden Visa:

• senior scholars and clerics
• elite specialists in the industry and 4th industrial revolution
• specialists in health fields
• specialists in education

Requirements and criteria for these categories are detailed below.

Golden Visa UAE benefits and advantages

Some of the benefits of the Golden Visa in the UAE are as follows:

• an entry visa for six months with multiple entries followed by the issuance of residency permits
• a long-term, renewable residence visa valid for 10 years
• a self-sponsored visa
• ability to stay outside of the UAE for any amount of time without having their visa nullified 
• sponsoring their family members, including spouses and children, regardless of their ages
• sponsoring their parents for a 10-year residency without the need to pay additional deposits
• sponsoring an unlimited number of domestic helpers
• allowing family members to stay in the UAE until the end of their permit duration in the event the primary holder of the Golden Visa passes away

Additionally, there are Golden Visa benefits specific to individual emirates as follows.

Abu Dhabi

• Golden Visa holders in Abu Dhabi will be entitled to discounts and offers on cars, property, health care, hospitality, health insurance and banking services. The Resident’s office has teamed up with companies across a range of industries to offer the incentives.
• Under the Abu Dhabi Residents Office’s commercial partnerships, Abu Dhabi golden visa holders will be entitled to discounts on selected properties from developer Imkan Properties.
• Banks, including Abu Dhabi Commercial Bank and First Abu Dhabi Bank, will offer real estate golden visa investors reduced mortgage fixed-interest rates and non-real estate investors attractive rates on savings accounts.
• The holders will also be entitled to reduced premiums on annual health insurance plans for families and individuals, with diverse network coverage and a bundle of benefits both inside and outside the UAE.
• Golden visa holders will also be eligible for price reductions on cars and will receive priority booking for new releases, in addition to special payment facilities, maintenance offers and licensing services.
• They will receive special offers for dining, spa treatments, gyms and stays at selected hospitality

Dubai

As stated by the authorities, foreign residents in Dubai who have a golden visa and a driving license from their home country can now take a UAE driver’s test without needing extra lessons.

Additionally, if the golden visa holders have a license from one of 32 approved countries, including the US, the UK, Australia, Italy, Saudi Arabia, South Africa, Spain, New Zealand, Qatar, Kuwait and Ireland, they will automatically be eligible for a UAE driver’s license.

Conclusion

The golden visas are special visa options that can be acquired by non-UAE citizens if they decide to buy a property worth half a million dirhams or more. The golden visas can also be acquired by those who acquire such property and make a minimum investment in any of the financial institutions in the country. Certain other documents are also required for acquiring this visa.

The most common question is: What is a Golden Visa in UAE? The following brief explanation might help with that. Basically, a Golden Visa is the fastest way to acquire a visa or citizenship(if you prefer). It’s similar to an investment visa which basically means it will allow someone with tons of cash to speed up their path to acquiring UAE Citizenship. The ZV sticker that you see on vehicles stands for Zone Validation. This revolves around the fact that certain individuals have different color stickers issued to them by the government for specific reasons.